The Greedy Trader Weekly Analysis
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Johnson & Johnson
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Summary:
Weekly :Oversold sectorTrend resistance at 138.35
Daily :Stochastic signal line moved above oversold areaThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a second positive week after 4 consecutive negative weeks for the Johnson & Johnson (JNJ). During the week, the JNJ gained 1.97 points, or 1.43%, and closed at 139.98 on Friday, December 01, 2017. It was the best weekly gain since October 20, 2017. JNJ was trading at average weekly trading volume.

JNJ is a member of Healthcare Sector. Healthcare is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See JNJ long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 46.25 and reached 144.35 on October 23, 2017. JNJ gained -98.10 points, or -212.11%, in 450 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (138.35). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See JNJ medium-term trend chart]
A medium-term uptrend had started on September 29, 2017 at 129.05 and reached 144.35 on October 23, 2017. JNJ gained -15.30 points, or -11.86%, in 3 weeks. The price is now at the 28.56% retracement level.

Weekly Technical Indicators: [See JNJ weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since October 13, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See JNJ short-term trend chart]
A short-term downtrend had started on October 23, 2017 at 144.35 and reached 136.60 on November 22, 2017. JNJ lost 7.75 points, or 5.37%, in 30 days. The chart has formed a Falling Channel chart pattern.

Daily Technical Indicators: [See JNJ daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since October 30, 2017. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.78
Williams' Percentage Range (W%R) 43.60
Lane's Stochastic (%D-Slow) 71.81
Greed/Fear Indicator (GFI) 60.31
Moving Average Converg./Diverg. (MACD) 0.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.16
Williams' Percentage Range (W%R) 31.20
Lane's Stochastic (%D-Slow) 67.90
Greed/Fear Indicator (GFI) 65.01
Moving Average Converg./Diverg. (MACD) 3.14
Trading Signals
Description Value Chart
Upper Bollinger Band 141.06
Weekly Stochastic Crossing 140.39
Price 139.98
Daily Stochastic Crossing 139.81
20 Day Moving Average 139.24
Yearly Trendline Resistance 138.35
50 Day Moving Average 137.60
Lower Bollinger Band 137.10
Parabolic System 136.94
Sector and Industry
Description Name Rank
Sector Healthcare 1
Industry Drug Manufacturers/Major 63
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 144.35
High Date 10/23/2017
Low 136.60
Low Date 11/22/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 129.05
Low Date 09/29/2017
High 144.35
High Date 10/23/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 109.32
Low Date 12/07/2016
High 144.35
High Date 10/23/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 81.79
Low Date 08/24/2015
High 144.35
High Date 10/23/2017
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 138.35
Support 94.35
Low 46.25
Low Date 03/09/2009
High 144.35
High Date 10/23/2017
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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